Japan withdraws 80 million barrels of oil reserves to stabilize markets amid rising prices due to Iran conflict
ConfirmedConflict · JP
66
Severity
85%
Confidence
7
Events
KScore
3.6 Caution
4 independent sources6 grade AVerified
First report: Mar 11, 11:38 AMLatest report: Mar 16, 05:02 AM
Event Timeline (7)
AOfficial / Major Media
Japan starts releasing oil from its national reserves to market
AOfficial / Major Media
Japan begins pumping from its strategic oil reserves
AOfficial / Major Media
Japan withdraws from oil reserves due to the Iran war
BHigh Credibility
Finance minister says verbal intervention possible over sharp won decline
AOfficial / Major Media
“Europe returns the favor.” Japan leads the largest strategic oil withdrawal to calm the markets
BHigh Credibility
Japan taps oil reserves as Iran war spreads. Could it give China leverage?
AOfficial / Major Media
Question of lifting anti-Russian sanctions raised during Japan’s ruling party meeting

